CLSA Still Cautious Near-Term Prior To Ford's Investor Day Preview

Ford Motor Company F is set to host its investor day on Wednesday. The main focus is expected to be the automakers initiatives to transform itself into a mobility company.

"With much of its near-term financial outlook recently communicated, we see limited risk to 2016 guidance, although Ford could initiate a softer 2017 view than we currently model, based on its cautious industry outlook," CLSA said in a note.

Ford is responding to the rise of the ride-sharing industry and the potential threat it could have on its business. Uber has been around for just seven years and is valued at approximately $15 billion more than the 113-year-old automaker.

"While long-term investors should be pleased with Ford's proactive efforts to succeed in a shared mobility world, stock is likely to remain tied for now to Ford's outlook over the next years, and as such, another cautious guidance could limit upside," added CLSA.

CLSA has an Outperform rating on Ford with a $13 price target.